That places the retailer 10th among S&P 500 companies with the widest gap in pay between the CEO and a typical worker, based on an analysis of more than 330 firms that have disclosed the figures so far.
Retailers, which often rely on part-time and seasonal workers to fill their labor force, take four of the top 10 spots on the list of companies with the largest pay gap, including Kohl’s Corp. and Gap Inc. Mr. McMillon earns 1,188 times more than the median employee, according to the filing.
“Our company is unique because we are significantly larger than most of our peer group companies in terms of revenue, market capitalization, and the size and scope of our world-wide associate population,” said Walmart in the filing.
The company is one of the largest private employers with more than 2.3 million employees world-wide and around 1.5 million in the U.S. The figures include both full-time and part-time workers.
Walmart disclosed the pay ratio as part of a broader requirement of the postcrisis Dodd-Frank law that went into effect this year.
Among the 18 retailers that have reported this data so far, Walmart’s median pay falls near the middle. By comparison, Amazon.com Inc. ’s median worker earns $28,446, while Gap employees fall at the bottom of the group at $5,375.
“We have focused on our associates and we have focused on the pay, the training, so they can build a career with us,” said Walmart spokesman Randy Hargrove.
Walmart has raised the minimum pay for its U.S. store workers in recent years, moving to $11 earlier this year, amid a tight labor market.
Retail-industry officials argue that median-pay and pay-ratio figures for their industry shouldn’t be compared with others because the widespread use of part-time and seasonal workers makes both look more extreme. The rules for calculating the figures don’t allow companies to annualize most pay figures.
Walmart also said it will shuffle its board. McDonald’s Corp. Chief Executive Steve Easterbrook will join the board, while longtime independent lead director James Cash and Instagram Chief Executive Kevin Systrom won’t stand for re-election, according to the filing. Earlier this year, Sarah Friar, chief financial officer of mobile payment company Square Inc, joined Walmart’s board.
Employees circulate message calling for end to chain’s gun sales; retailer has no plans to change policies
Walmart Inc. ’s chief executive said he was rethinking the company’s role in confronting gun violence in the wake of two deadly shootings at Walmart stores, but didn’t offer specific plans or changes to its firearms and ammunition sales.
“We will work to understand the many important issues that arise from El Paso and Southaven, as well as those that have been raised in the broader national discussion around gun violence,” Doug McMillon wrote in a Facebook post Tuesday evening. “We will be thoughtful and deliberate in our responses.”
Mr. McMillon spent Tuesday in El Paso, Texas, meeting with Walmart employees who worked at the store where 22 people were killed in Saturday’s attack. Last week, in Southaven, Miss., a Walmart employee who had been suspended the previous weekend shot and killed two other workers at a company’s store.
His visit and Facebook message come as the retail giant is facing pressure from some employees and antigun activists to halt its sales of firearms or prohibit shoppers from carrying guns in stores.
Walmart is one of the country’s biggest sellers of guns. The retailer’s selection is focused on hunting rifles and shotguns. Since 2015, it hasn’t sold assault-style weapons and only sells handguns in Alaska. Last year, after a deadly shooting at a high school in Parkland, Fla., Walmart raised the minimum age to purchase guns or ammunition to 21.
“There are no plans at this time” to change policies around gun sales, Walmart spokesman Randy Hargrove said.
Two of the company’s workers in San Bruno, Calif., on Monday circulated a message to all e-commerce staff and the companywide Slack channel calling for a general strike to protest “Walmart’s profit from the sale of guns.”
Thomas Marshall, an e-commerce merchandiser in the corporate e-commerce office in California, and a co-worker later called for a walkout among corporate employees Wednesday afternoon and encouraged colleagues to sign an online petition asking Walmart to stop selling guns, allowing shoppers to carry guns in stores or donating to politicians with high ratings from the National Rifle Association.
On Tuesday afternoon, the company suspended Mr. Marshall’s and a co-worker’s access to its internal systems, he said. Managers told him they would restore access “on stipulation you will not use it for non-work activities,” the 23-year-old said in an interview.
Mr. Marshall said around 50 workers from the company’s California and New Jersey offices have sent messages of support. Some plan to protest the company’s gun policies Wednesday at 3 p.m. local time at its offices in San Bruno; Hoboken, N.J.; and in Portland, Ore., he said.